GIS Global Real Return Fund

ISIN: IE00B11XZ541

Updated 25 May 2018

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  • DAILY NAV (EUR)
    16.74
  • DAILY YTD RETURN
    -2.22%
  • TOTAL NET ASSETS (USD)
    2,269 MM
    (as of 30/04/2018)
  • TOTAL NET ASSETS (USD)
    2,269 MM
    (as of 30/04/2018)
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/03/2006
  • CLASS
    Fixed Income
  • CLASS INCEPTION DATE
    31/03/2006

Objective

The investment objective of the Global Real Return Fund is to seek to maximise real return, consistent with preservation of real capital and prudent investment management.

Overview

Fund Description

The Global Real Return Fund is an actively managed portfolio of intermediate duration, global inflation-linked bonds primarily issued by developed governments such as the US, UK, France, Germany, Italy and Japan. The fund may also have limited tactical holdings, including nominal government, mortgage, corporate or money market securities.

Investor Benefits

This fund offers a hedge against inflation, consistent real returns, low volatility, portfolio diversification and a broad opportunity set.

The Fund Advantage

The fund seeks to outperform its benchmark by employing PIMCO’s proven investment process and industry-leading, global, inflation-linked bond expertise.

PRIMARY BENCHMARK

Bloomberg Barclays World Government Inflation‑Linked Bond Euro Hedged Index

PRIMARY BENCHMARK DESCRIPTION

Bloomberg Barclays World Government Inflation-Linked Bond Euro Hedged index that measures the performance of the major government inflation-linked bond markets. The Index includes inflation-linked debt issued by the following countries: Australia, Canada, France, Sweden, UK, & the United States. It is not possible to invest directly in an unmanaged index.

DIVIDEND FREQUENCY

SHARE CLASS INCEPTION

31/03/2006

OLDEST SHARE CLASS

OLDEST SHARE CLASS INCEPTION

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BASE CURRENCY

ISIN

IE00B11XZ541

TICKER

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SEDOL

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SHARE CLASS CURRENCY

CUSIP

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VALOREN

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WKN

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VAG Compliance

Traspasable

Yes

RELATED

Managers

Mihir P. Worah

CIO Asset Allocation and Real Return

View Profile

Jeremie Banet

Portfolio Manager, Real Return

View Profile

Michael Althof

Portfolio Manager, Real Return

View Profile

Yields & Distributions

Historical Prices & Distributions

Estimated Gross Yield to Maturity1 as of 30/04/2018 3.84%
Current Yield2 as of 30/04/2018 0.85%
Yields & Distributions Footnotes & Disclosures

disclosures

1PIMCO calculates a Fund's Estimated Yield to Maturity by averaging the yield to maturity of each security held in the Fund on a market weighted basis. PIMCO pulls each security's yield to maturity from PIMCO's Portfolio Analytics database. When not available in the PIMCO's Portfolio Analytics database, PIMCO pulls the security's yield to maturity from Bloomberg. When not available in either database, PIMCO will assign a yield to maturity for that security from a PIMCO matrix based on prior data.
2The estimate of current yield is based on PIMCO's best judgment for the securities in the portfolio on the date shown. PIMCO makes no representation on the accuracy or the methodology used.

Fees & Expenses

Unified Fee 1.39%

Prices & Performance

Daily Statistics

All data as of 25/05/2018

NAV (EUR) 16.74 One Day Return 0.24%
Daily Change (EUR) 0.04 Daily YTD Return -2.22%
Click here to view Historical Prices
  • Average Annual Returns
  • Cumulative Returns

All data as of

  • Daily
  • Month End

All data as of

  • Daily
  • Month End

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown.

Calendar Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar Ratings

Prices & Performance Footnotes & Disclosures

disclosures

Performance quoted represents past performance. Past performance is not a guarantee or a reliable indicator of future results. Current performance may be lower or higher than performance shown. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Performance data current to the most recent month-end is available by calling +44 203 3640 1552.
A rating is not a recommendation to buy, sell or hold a fund. © 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please go to: The Morningstar Rating Methodology.

Portfolio Composition

All data as of unless otherwise stated

Maturity %

0-1 yrs 3.57
1-3 yrs 8.39
3-5 yrs 13.06
5-10 yrs 43.33
10-20 yrs 11.30
20+ yrs 20.35
Effective Maturity (yrs) 11.85

Risk Characteristics
(Trailing 3 Years)

Standard Deviation 4.73
Sharpe Ratio3 0.06
Information Ratio4 -0.89
Tracking Error5 0.85

Inflation-Linked (DWE%)

Inflation Linked Bonds 109.69
United States 33.64
United Kingdom 58.26
Europe 10.97
Canada 2.52
Other 4.41
Other Short Duration Instruments -0.10
Non Inflation Linked Bonds -9.69
United States -3.17
United Kingdom -4.80
Europe 1.73
Canada 0.00